NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a report reviewing the recent regulatory and underwriting changes within the Property Assessed Clean Energy (PACE) sector. The report discusses these positive developments as it relates to the current performance of the residential PACE ABS transactions that have received ratings from KBRA. To date, KBRA has rated the senior tranche of every public residential ABS transaction (22 issuances) ‘AA (sf)’ or ‘AA+ (sf)’. In the aggregate, these issuances comprise approximately 200,000 PACE assessments originated in 75 counties across California, Florida and Missouri.
To view the report, please click here.
Related Publications: (available at www.kbra.com)
About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.